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to jon carl who first breck this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> late last night, senate majority leader, harry reid called off a vote on the debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move toward cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news that two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillionon ispending cuts in the next ten years and a new special congressional committee to recommend additional deficit reduction of more than a trillion dollars. if congress doesn't act
and jon kyl. two people around the negotiating table. in the meantime, also the report about wanting to go back to the grabbed bargain. speaker boehner said he wants to do that. the president said he wants to do that. the question is whether they can get elements on boararto pass such a thing. that, also is something that is being required right now by the ratings agency. moodys. standards & poors. said they must have some credible deficit reduction plan, 4 trillion or so over the next 10 years because of the way they are looking at the u.s. dollar and threatening to downgrade u.s. credit worthiness, and add to the catastrophic woes a default can bring. >> if we do not have a plan by this friday we will not meet the august 2nd deadline. all right. cristiane, a lot of tension there in washington. be sure to join christiane where she sits down with office of management and budget, jacob lew and senate minority whip, jon kyl on "this week." >> now, filling in for ron claiborne once again is abc's andrea canning. >> good morning, happy to be here.. we begin with new problems for rupert murdoch
. >>> the red sox, there's jon lester as the red sox took on blue jays. lester strikes out adam lipid. he left with a no-no ink tact. blue jays down 3-0. jose bautista, deep into the night, 28th home run of the season. blue jays are down now. later in the inning john mcdonald and heads to home, mcdonald, the throw, nicely done. he may have beaten the tab but the red sox win it, 3-2. >>> albert pujols expected to miss up to six weeks with a small fracture had his left wrist, back after 15 days. activated tuesday but not in the lineup. holliday was. that leaves in a early. 16th multihome run game of his career. lance berkman gets every bit of that pitch, 350th career home run as the cards win , 8-1. that'll do it for this espn news update. i'm will selva. >>> all right. well, police in the bay area are trying to track down a stolen picasso and the man would swiped it from the san francisco art gallery. >> a well-dressed man in dark glasses grabbed the pencil drawing and hopped into a waiting taxi. the 1965 work titled "head of a woman" is the size of a standard sheet of paper but experts say it
)s, other big costs. jake tapper and jon karl have been tracking it. >> reporter: last night after their prime time addresses to house speaker john boehner was overheard saying he didn't sign up to go mano a mano with the president after the president called for congress to compromise. the president spoke sternly to the american people last night blaming house republicans, especially freshmen, for holding up a debt deal. >> the only reason this balanced approach isn't on its way to becoming law right now is because a significant number of republicans in congress are insisting on a different approach. >> reporter: house speaker john boehner responded that the president wants to continue his rampant spending. >> the president often said we need a balanced approach, which in washington means, we spend more and you pay more. >> reporter: right now there are two competing bills, to raise the debt ceiling and reduce the deficit. a house one that likely cannot pass the senate and a senate one that cannot likely pass the house. both cut more than $1 trillion in spending and do not raise ta
Search Results 0 to 3 of about 4